Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Panoro Energy ASAPESAF 76 EV-to-OCF is 10.92 as of Jul. 17, 2026, which is 164% above its 10-year median of 4.13. GuruFocus rates PESAF with a GF Score™ of 76/100 and a GF Value™ of $3.77 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,016 Oil & Gas companies, Panoro Energy ASA ranks worse than 69.98% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Panoro Energy ASA's Enterprise Value is $579.0 Mil.
Panoro Energy ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $53.0 Mil. Therefore, Panoro Energy ASA's EV-to-OCF for today is 10.92.
The historical rank and industry rank for Panoro Energy ASA's EV-to-OCF or its related term are showing as below:
PESAF'
s EV-to-OCF Range Over the Past 10 Years
Min: -61.04 Med: 4.13 Max: 100.04
Current: 10.72
During the past 13 years, the highest EV-to-OCF of Panoro Energy ASA was 100.04. The lowest was -61.04. And the median was 4.13.
PESAF's EV-to-OCF is ranked worse than 69.98% of 1016
companies
in the Oil & Gas industry
Industry Median: 5.74
vs PESAF: 10.72
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Panoro Energy ASA (OTCPK:PESAF) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Panoro Energy ASA's PE Ratio (TTM) for today is calculated as:
Panoro Energy ASA's share price for today is $2.90.
Panoro Energy ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.390.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Panoro Energy ASA EV-to-OCF Related Terms
Panoro Energy ASA EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Panoro Energy ASA's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas E&P subindustry, Panoro Energy ASA's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Panoro Energy ASA EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Panoro Energy ASA's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Panoro Energy ASA's EV-to-OCF falls into.
Panoro Energy ASA's current Enterprise Value is $579.0 Mil.
Panoro Energy ASA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $53.0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Panoro Energy ASA (PESAF) has a EV-to-OCF of 10.92 as of Jul. 17, 2026. This is 164% above median its historical median of 4.13. According to the industry distribution chart, Panoro Energy ASA ranks #711 out of 1016 companies in the Oil & Gas industry, placing it in the top 70%.
Is Panoro Energy ASA's EV-to-OCF too high?
Panoro Energy ASA's current EV-to-OCF of 10.92 is 164% above median its 10-year median of 4.13. The Oil & Gas industry median EV-to-OCF is 5.74. Panoro Energy ASA's value of 10.92 is 90.2% above this industry median. Based on the distribution chart, Panoro Energy ASA ranks #711 out of 1016 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Panoro Energy ASA has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Panoro Energy ASA's EV-to-OCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Panoro Energy ASA ranks #711 out of 1016 companies for EV-to-OCF. This places Panoro Energy ASA in the lower half of its industry. The industry median EV-to-OCF is 5.74. Panoro Energy ASA's value of 10.92 is 90.2% above this benchmark. While the company's 10-year median is 4.13 vs. the industry median of 5.74, Panoro Energy ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.74, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Panoro Energy ASA's current EV-to-OCF of 10.92 is 90.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panoro Energy ASA's current EV-to-OCF is 10.92, which is 164% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panoro Energy ASA stock overvalued right now?
Based on GuruFocus' analysis, Panoro Energy ASA (PESAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.77, compared to a current price of $2.90 — trading 23.1% below its estimated fair value. The current EV-to-OCF is 10.92, which is 164% above median its 10-year median of 4.13 and 90.2% above the Oil & Gas industry median of 5.74. Panoro Energy ASA's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Panoro Energy ASA (PESAF), the current EV-to-OCF is 10.92 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Panoro Energy ASA (PESAF) Overvalued in 2026?
Based on GuruFocus' analysis, Panoro Energy ASA stock appears to be undervalued.
The current stock price of $2.90 is trading 23.1% below its estimated GF Value™ of $3.77.
GuruFocus considers Panoro Energy ASA to be Modestly Undervalued.
Key valuation signals for PESAF:
EV-to-OCF: 10.92 (164% above median its 10-year median of 4.13)
GF Value™: $3.77 vs. price of $2.90 (23.1% below fair value)
Industry Position: 90.2% above the Oil & Gas median (#711 of 1016)
No single metric tells the full story. See the PESAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panoro Energy ASA is a Norway-based exploration and production company principally engaged in the exploration of oil and gas. The Group has five reportable segments by geographic locations in Equatorial Guinea, Gabon, Tunisia, South Africa, and Corporate and Others. The company derives maximum revenue from Gabon segment.
76GF Score
Get the complete analysis for PESAF
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PESAF has been successfully added to your 
